The Post Office Public Provident Fund (PPF) is a long-term safe-deposit investment scheme offered by the Government of India with features like attractive investment rates and tax exemptions. People having post office PPF accounts can deposit money both offline and online. However, in the wake of the pandemic, people have woken up to the fact that online transactions save them from needless physical contact and keeps them secure from the deadly virus. Hence, more and more people are choosing the online option to deposit money in their PPF account.
The account holders of Post Office PPF could make online deposits into their accounts with the help of the India Post Payment Bank (IPPB) app. IPPB is a user-friendly app that makes online transactions a smooth and safe affair. Follow the steps below to easily send your money to the post office PPF account via IPPB.
- Open the IPPB app and add money to it from your bank account.
- The money can be added through any Indian public or private sector bank account into the IPPB app.
- Visit the option DOP services.
- You have the option to choose various services such as Recurring Deposit, Public Provident Fund, Sukanya Samridhi Account, and Loan against Recurring Deposit.
- To make an online deposit to the Post Office PPF account, click on the option Provident Fund
- In the provided spaces fill in the right options for PPF Account Number and DOP Customer ID.
- Again, in the allotted space, enter the exact amount that you want to deposit in your account and press the button ‘Pay’.
- Once the payment is successful, you will get a confirmatory notification from IPPB.
- The option is not just limited to PPF account but you can use the IPPB app to make different types of (and regular) payments at the various post office investment options.
- In a similar fashion, money can be deposited to the RD or Sukanya Samriddhi Account with the help of IPPB mobile app.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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